2629 Magnolia StColumbiaSC29204
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Ziffy AI Summary
A quick, investor-focused snapshot highlighting income strength, yield potential.
| Key metrics | Value |
|---|---|
| Price | $399,900 |
| Est. Rent | $3,200/mo |
| ROI | 18% |
- Attractive rent-to-price ratio for income stability
- Good fit for DSCR financing with healthy coverage
Investment Highlights
Investment property for sale in Columbia at 2629 Magnolia St, Columbia, SC, 29204 with 5% annual appreciation on a $127,200 basis while $1,391/mo rent supports operations. Total monthly income totals $1,391/mo and a $623/mo payment preserves $633/mo for cash returns. Annual cash flow comes to $7,601/yr on $42,167 deployed, and return on cash invested reaches 37.93% in year one. Equity gained on principal adds $821/yr, and five-year appreciation sums $35,143 alongside rental yield of 13.12%. Five-year ROI measures 199.26% and total cumulative return in cash totals $84,024.
Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $1,391/mo property income versus a $623/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Single Family
Built in N/A
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 29204, Columbia, SC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 9,285 (100%) |
| Owner Occupied HU | 4,798 (51.7%) |
| Renter Occupied HU | 3,184 (34.3%) |
| Vacant Housing Units | 1,303 (14.0%) |
| Median Home Value | $238,178 |
| Average Home Value | $299,340 |
Housing Distribution
Address Breakdown
Residential
7,951
Single Family
6,943
Multi-Family
1,008
Businesses
885
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Listed by: N/A • N/A
Mls Name: Zillow Rentals
Mls ID: #N/A